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Opalesque Roundup: Hedge funds are down -4.16% in June: hedge fund news, week 26

Monday, July 18, 2022

In the week ending July 16th 2022, the Barclay Hedge Fund Index indicated that the hedge fund industry posted a -4.16% return for June 2022 which made for its third consecutive down month. Hedge funds did however fare markedly better than the S&P 500 Total Return Index which lost -8.25% in June. For the year-to-date range, hedge funds are down -9.93% through June, again outperforming the S&P 500 Total Return Index which was down -19.96% over the same interval.

According to Citco too, hedge funds struggled in June, with their losses widening month over month. Overall, funds administered by Citco declined 2.4% in June, adding to May's loss of 1.1%. Hedge funds recorded negative results in April as well, declining 2.9%. The overall weighted average return was -2.4%, while the median return was -2.1%, a small dispersion which shows that larger hedge funds struggled more than smaller ones.

Meanwhile, redemptions overwhelmed new investments for Citco Group Ltd.'s hedge-fund clients in June, bringing net outflows to $10.1 billion, the asset servicer said in a monthly update. Funds using Citco as an administrator globally saw $25.8 billion of redemptions during the month, against $15.7 billion of new inflows from investors, it said. Citco forecasts $7.8 billion of net withdrawals for the third quarter and $6.4 billion at year-end.

In performance ne......................

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